Question: Please read each question carefully and answer everything asked in the questions. 11) Ms. Warden needs ( $ 20000 ) to go on her dream

Please read each question carefully and answer everything asked in the questions.

$11) Ms. Warden needs \$ \\$ 20000 \$ to go on her$

11) Ms. Warden needs \$ \\$ 20000 \$ to go on her dream vacation in four years. How much does she need to invest now in an account earning \8.5 annual interest compounded semi-annually? [3] 12) James is buying a laptop computer. The cost of the computer is \$ \\$ 4080 \$. He wants to pay \$ \\$ 1100 \$ cash and finance the remainder. He has two options: Option A: Store Credit with \13 per year simple interest for 3 years Option B: Credit Card: \12 per year compounded monthly for 3 years Which option should he choose? Justify your answer. [3]

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